Mulberry’s total revenues and pre-tax profits both fell last year, despite healthy growth in its international sales.
The luxury brand known for its handbags saw a 6% like-for-like sales decline in its core UK market in the 53 weeks to March 30, which offset a 7% rise in international sales.
Total revenue was down 2% year on year to £166.3m – with adjusted profits before tax coming in at £1m, down from £8m the previous year.
As a result, Mulberry swung to a pre-tax loss of £5m, compared to a £6.9m profit in the 2018/19 financial year.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.